Core Insights - The 2024 Annual Profitability Ranking of Chinese Port and Shipping Listed Companies was released, highlighting the industry's performance amid a complex global economic environment [1] - China's total import and export value reached 43.85 trillion yuan in 2024, a year-on-year increase of 5% [1] - The ranking reflects the profitability of companies listed on major stock exchanges in China, Hong Kong, and Taiwan, focusing on port operations, shipping, and shipbuilding [5] Economic Context - The global economic recovery remains uneven, with significant inflation decreases in major economies and increased geopolitical tensions [1] - Domestic economic performance is stable, with a focus on high-quality development and the growth of new productive forces [1] - The number of foreign trade enterprises in China reached nearly 700,000, a new high [1] Trade Performance - In 2024, China's export of electromechanical products was 15.12 trillion yuan, up 8.7% year-on-year, accounting for 59.4% of total exports [2] - Trade with Belt and Road Initiative countries reached 22.07 trillion yuan, a 6.4% increase, marking over 50% of China's total trade for the first time [2] Port and Shipping Industry Performance - National ports handled a cargo throughput of 1.7595 billion tons in 2024, a 3.7% increase, maintaining the world's highest volume [3] - China's shipbuilding industry continues to lead globally, with completion, new orders, and backlog volumes at 48.18 million deadweight tons, 113.05 million deadweight tons, and 208.72 million deadweight tons, respectively [3] Company Rankings - The ranking is based on Return on Equity (ROE) and net profit, with the top companies achieving significant profitability [7][9] - The top three companies by ROE are: 1. Sea Harvest International Holdings Limited - 47.62% 2. Shanghai Huige Environmental Technology Group Co., Ltd. - 45.23% 3. Intercontinental Shipping Group Holdings Limited - 35.35% [7] Financial Overview - A total of 83 companies were ranked, with 77 profitable, representing 92.77% of the total, and an overall net profit of 229.04 billion yuan [10] - The shipping sector had 49 companies, with a total net profit of 165.96 billion yuan, while the port sector had 22 companies with a net profit of 50.20 billion yuan [12][13] - The shipbuilding sector included 12 companies, achieving a net profit of 12.88 billion yuan [14]